-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KH7F3aHZEpz2UOPEtv/qttctC+7yU7mSA5+rI7CfT0Qv5cyk/Fv5BiBlwI0N/zPI B7SaXal+hAUW40OoQQztsw== 0000850027-05-000025.txt : 20050509 0000850027-05-000025.hdr.sgml : 20050509 20050509085304 ACCESSION NUMBER: 0000850027-05-000025 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050331 FILED AS OF DATE: 20050509 DATE AS OF CHANGE: 20050509 EFFECTIVENESS DATE: 20050509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NAIC GROWTH FUND INC CENTRAL INDEX KEY: 0000850027 IRS NUMBER: 311274796 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05807 FILM NUMBER: 05809824 BUSINESS ADDRESS: STREET 1: 711 WEST THIRTEEN MILE RD CITY: MADISON HEIGHTS STATE: MI ZIP: 48071 BUSINESS PHONE: 8105836242 MAIL ADDRESS: STREET 1: 711 WEST THIRTEEN MILE RD CITY: MADISON HEIGHTS STATE: MI ZIP: 48071 FORMER COMPANY: FORMER CONFORMED NAME: BETTER INVESTING FUND INC DATE OF NAME CHANGE: 19890716 N-Q 1 nq03312005.txt FORM N-Q Omb Approval Omb Number: 3235-0578 Expires: February 28, 2006 Estimated average burden hours per response: 20.00 United States Securities and Exchange Commission Washington, D.C. 20549 Form N-Q Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company - ------------------------------------------------------------- Investment Company Act file number: 811-05807 - ------------------------------------------------------------- NAIC Growth Fund, Inc. (Exact name of registrant as specified in charter) 711 West 13 Mile Road, Madison Heights, MI 48071 (Address of principal executive offices) (zip code) - ------------------------------------------------------------- Kenneth S. Janke, President NAIC Growth Fund, Inc. 711 W. 13 Mile Road Madison Heights, MI 48071 (248) 583-6242 (Name and address of agent for service) - ------------------------------------------------------------- Registrant's telephone number, including area code: (877) 275-6242 Date of fiscal year end: December 31, 2005 Date of reporting period: March 31, 2005 Item 1. Schedule of Investments NAIC Growth Fund, Inc. Portfolio of Investments - March 31, 2005 (unaudited) % Common Stock Shares Cost Market 3.8 Auto Replacement O'Reilly Auto* 20,000 $242,606 $990,600 -------- $990,600 12.9 Banking JP Morgan Chase 13,200 331,370 456,720 Citigroup 22,000 368,636 988,680 Comerica, Inc. 10,000 404,669 550,800 Huntington Banc. 25,000 238,023 597,500 Synovus Financial 27,000 317,651 752,220 ------- 3,345,920 2.6 Building Products Johnson Controls 12,000 96,895 669,120 ------- 669,120 3.4 Chemicals RPM 25,000 287,099 457,000 Sigma Aldrich 7,000 213,318 428,750 ------- 885,750 4.7 Consumer Products Colgate-Palmolive 16,000 469,850 834,720 Newell Rubbermaid 18,000 452,267 394,920 ------- 1,229,640 3.3 Electrical Equipment General Electric 24,000 441,341 865,440 ------- 865,440 2.1 Electronics Diebold 10,000 269,187 548,500 ------- 548,500 10.8 Ethical Drugs Abbott Laboratories 16,000 687,652 745,920 Johnson & Johnson 15,000 614,274 1,007,400 Merck & Co., Inc. 10,000 359,350 323,700 Pfizer, Inc. 28,000 606,755 735,560 ------- 2,812,580 5.2 Financial Services CIT Group 7,000 269,845 266,000 State Street Boston 16,000 436,700 699,520 Washington Mutual 10,000 403,500 395,000 ------- 1,360,520 6.8 Food ConAgra 18,000 351,815 486,360 Heinz, H.J. 16,000 532,050 589,440 McCormick & Co 20,000 223,975 688,600 ------- 1,764,400 9.4 Hospital Supplies Biomet Corp. 17,000 166,709 617,100 Medtronic 12,000 595,869 611,400 PolyMedica 10,000 284,082 317,600 Stryker Corp. 20,000 95,500 892,200 ------- 2,438,300 3.0 Industrial Services Donaldson Co. 24,000 162,563 774,720 ------- 774,720 2.9 Insurance AFLAC, Inc. 20,000 143,906 745,200 ------- 745,200 2.5 Machinery Emerson Electric 10,000 335,278 649,300 ------- 649,300 8.6 Multi Industry Carlisle 9,000 364,085 627,930 Pentair 20,000 288,247 780,000 Teleflex 16,000 545,608 818,880 ------- 2,226,810 2.4 Office Supplies Avery Dennison 10,000 557,743 619,300 ------- 619,300 2.0 Realty Trust First Industrial Realty Trust 14,000 394,962 529,620 ------- 529,620 2.3 Restaurant Wendy's 15,000 579,761 585,600 ------- 585,600 3.5 Soft Drinks PepsiCo 17,000 433,218 901,510 ------- 901,510 2.8 Transportation Sysco Corp. 20,000 142,750 716,000 ------- 716,000 95.0% Investment Securities $13,709,109 $24,658,830 - ------------------------------------------------------- Short-term Investments 4.6 United States Treasury Bills, Maturing 4/28/2005 Interest rate: 2.5% $1,197,380 0.8 Misc. Cash Equivalents 216,589 - ------------------------------------------------------- 5.4% $1,413,969 Total Investments $26,072,799 (0.4) All other assets less liabilities (120,278) - ------------------------------------------------------- 100% TOTAL NET ASSETS $25,952,521 * non-income producing securities footnote: The following information is based upon federal income tax cost of portfolio investments as of March 31, 2005: Gross Unrealized Appreciation $11,055,063 Gross Unrealized Depreciation (105,342) ------------ Net Unrealized Appreciation $10,949,721 ------------ Federal Income Tax Cost $13,709,109 ITEM 2. CONTROLS AND PROCEDURES. (i) As of May 6, 2005, an evaluation of the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) was performed by management with the participation of the registrant's President (Principal Executive Officer) and Accountant (person performing the functions of the Principal Financial Officer). Based on that evaluation, the registrant's President and Accountant concluded that the registrant's disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the registrant is recorded, processed, summarized and reported within the time periods specified by the Commission's rules and forms, and that information required to be disclosed in the reports that the registrant files on Form N-CSR and Form N-Q is accumulated and communicated to the registrant's management, including its Principal Executive Officer and Principal Financial Officer,as appropriate, to allow timely decisions regarding required disclosure. (ii) There has been no change in the registrants's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the 3 months ending March 31, 2005 that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits (A) Certification of principal executive officer as required by Rule 30a-2(a) under the Act. (B) Certification of principal financial officer as required by Rule 30a-2(a) under the Act. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NAIC GROWTH FUND, INC. By: /s/ Kenneth S. Janke ---------------------- Kenneth S. Janke President (Principal Executive Officer) Date: May 9, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Kenneth S. Janke ---------------------- Kenneth S. Janke President (Principal Executive Officer) Date: May 9, 2005 By: /s/ Calvin George --------------------- Calvin George Accountant (Principal Financial Officer) Date: May 9, 2005 EX-99.CERT 2 nqcertjanke2005.txt CERT-JANKE Exhibit A Certification I, Kenneth S. Janke, certify that: 1. I have reviewed this report on Form N-Q of the NAIC Growth Fund, Inc; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal half-year (the registrant's second fiscal half-year in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: 5/6/2005 /s/ Kenneth S. Janke - --------------------- Kenneth S. Janke President EX-99.CERT 3 nqcertgeorge2005.txt CERT-GEORGE Exhibit B Certification I, Calvin George, certify that: 1. I have reviewed this report on Form N-Q of the NAIC Growth Fund, Inc; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal half-year (the registrant's second fiscal half-year in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: 5/6/2005 /s/ Calvin George - ------------------ Calvin George Accountant -----END PRIVACY-ENHANCED MESSAGE-----